There has been a debate about what type of policy which Sri Lanka should pursue in order to deliver prosperity to its people. Some have argued that the country should follow the Singaporean model to replicate the miracle. But many others, including those on the top of Sri Lanka’s political structure and those among the mainstream economists, have disagreed. They have argued that Sri Lanka should follow its own indigenous growth model unique to itself
Appointment of a committee of experts
According to a media report released by President’s Media Division, a committee of experts has been appointed by the President to examine and report on ‘the practical impact and use of the proposed officer policy guidelines and recommendations on framing Sri Lanka’s future trade policy’ (available at: http://www.pmdnews.lk/president-expe...singapore-fta/).
The choice of the five experts, it appears, has been done carefully drawing on the multitude of expertise which they possess not only on trade but also on all other aspects of economic policy. Two are respected university dons (Professor W.D. Lakshman and Professor Ajitha Tennakoon), one central banker turned university don (Professor Sirimevan Colombage), another a trade expert (Dr. Shantha Jayanetti) and the last, a well-experienced economist who had worn numerous hats in the Central Bank, Ministry of Finance and International Monetary Fund, just to mention a few (R.A. Jayatissa).